"The current 7,500 metre program will be completed in approximately 30 days, with a total of 80 holes drilled. Results have been released for the first 15 of these holes and in recent weeks, and the Company has seen the turnaround time for assays reduced from over 6 weeks to 3-4 weeks, with timeframes continuing to improve."
"The Company will have five to six rigs on site for the majority of the expanded 45,000 metre program and expects to complete approximately 6,000 metres, for 40 holes, monthly over the next 7-8 months."
“With the high impact drilling program underway, and to ensure that we do not create a back-log drilling results, two separate labs will undertake the assays. In our commitment to delivering updates to our shareholders, we have also employed a number of new technical staff on site at San Juan including three geologists and a second drilling supervisor."
+ 45,000m for the price of 35,000m, very nice!
"Additionally the Company has completed Stage 1 of the acquisition of approximately 20 square kilometres of 40 metre spaced ground magnetics. The survey was designed to assist in providing geological and structural control to better target extensions of the existing mineralisaton and recent intrusive-hosted gold discovery. The data is currently being processed prior to more detailed interpretation, with the raw data indicating a number of anomalies, believed to relate to previously unrecognised intrusive systems, which may be mineralised."
The placement stock churn should ease up here shortly with the share price reflecting value in whats being delivered once more.
